The post Ex-SEC Enforcement Veteran John Reed Cautions Fintech Experts about Stringent Regulations by FED, FDIC, and OCC appeared first on Coinpedia Fintech News
The implosion of FTX and Alameda Research late last year triggered a myriad of regulatory onslaught on the cryptocurrency industry in the United States. The Biden administration has used all resources at its disposal to ensure the United States dollar is not dethroned from its position as a global reserve currency by the mainstream adoption of digital assets, which are not issued and controlled by the Fed.
In a bid to ensure the US dollar retains its relevance around the world, the Biden administration has undertaken several initiatives through the digitization of its payment infrastructure.
Legal Experts Warn Web3 Firms on Widespread Regulatory Onslaught
Banking Regulators Issue a Stern Warning to Any Bank Doing Business with PayPal, Continuing An Unprecedented Financial Regulatory Onslaught Against All Things Crypto.
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